• @JustTesting@lemmy.hogru.ch
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      253 months ago

      Not necessarily, as I understand, the floor price is just theld buy one at. i could make a new nft, list it at 500 billion and that would be the floor price, even if no trade ever happens.

      There’s also some stuff where the nfts get used as collateral for loans without any intention to pay back the loan. The borrower defaults, keeps the money, the lender is stuck with a useless nft. No actual sale happened, so the floor price didn’t move, even though the loan was likely for less than the floor price.

      Crypto is full of this kind of misleading metrics, same as market cap

  • @Darkard@lemmy.world
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    373 months ago

    Don’t worry bro, demand for the receipt that says you own a small picture will skyrocket any day now bro.

  • @gerikson
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    253 months ago

    Tally Labs launched a project called The Writers Room, which let holders of an associated NFT project dictate storytelling elements. That led to the creation of an Ape-focused novel written by Neil Strauss, a New York Times bestselling author.

    Somehow I had not heard of this particular idiocy.

    • David GerardMA
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      83 months ago

      Strauss is the guy who wrote about pick-up artists.

      • @V0ldek
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        83 months ago

        So the NFT novel is a step up.

  • @Evinceo
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    183 months ago

    You’ve lost 93% of your investment so far

    <homer.jpg>

    • @Empricorn@feddit.nl
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      123 months ago

      ✔️ weird
      ✔️ for the rich (and money launderers)
      ✔️ out-of-touch

      How could Trump not love NFTs?

  • @swlabr
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    133 months ago

    NFT related art really normalised shit art, paving the way for gen AI

    • @bitofhope
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      73 months ago

      Not with multiple slurp juices!

      I’ll let you figure out the value of Ape if one Ape equals multiple Apes.

  • @Swarfega@lemm.ee
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    83 months ago

    I hated how loads of companies appeared out of nowhere to cash in on this. I feel for people who tried to make an investment hoping it will be the next Bitcoin. I’m really glad it died on its arse though. Pretty sick of seeing shit images of cartoon dogs and monkeys.

  • Sailor Sega Saturn
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    3 months ago

    Yes but consider that $429,000* dollars is a small price** to pay for free*** entry to ApeFest.

    * Valuing ApeFest tickets at a few hundred dollars this would only take you a millennium to be in the black. But really it’s more about the exclusivity.

    ** Oh and you have to hang out with other Ape Holders. Oh and also may get your retinas sunburned from unsafe UV lights.

    ** Supplies limited. Travel to whatever random corner of the earth they chose not included.

    • @bitofhope
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      73 months ago

      Oh and you have to hang out with other Ape Holders. Oh and also may get your retinas sunburned from unsafe UV lights.

      Ouch, that sounds painful. Can’t I just get the retina burn without the having to hang out with Ape Holders part?

      • Sailor Sega Saturn
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        53 months ago

        The easiest way is to look at the sun. I did this and other stupid things (like staring into flashlights) as a kid, and my vision is mostly* normal so I clearly didn’t try very hard.

        * Some light visual snow